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ARDAL sells government bonds for €250m

The Finance Ministry praised the auction, saying that the country achieved another record.

In an auction for sovereign bonds with a maturity date scheduled for November 28, 2018, ARDAL accepted bids worth €110 million, including those from non-residents to the tune of €58 million. Total demand was €396 million. Interest rates were negative: the minimum rate at -0.1513 percent p.a., the average at -0.0955 percent p.a., and the maximum at -0.0599 percent p.a., the TASR newswire wrote.

“This means another important improvement compared with the October auction of the same bond,” the Finance Ministry wrote in an official statement.

Another auction involving government bonds maturing on January 16, 2029, drew a total demand of €258.8 million on the part of investors. ARDAL accepted bids to the tune of €138 million, including €46 million from non-residents. The minimum interest rate was 1.0500 percent p.a., the average rate stood at 1.1628 percent p.a. and the maximum one equalled 1.2087 percent p.a., TASR reported.

“Considering very good development of sources in State Treasury the annual needs of Slovakia’s financing for this year are fully covered,” the ministry claimed.

The ministry added that the recent auction proved that investors are still interested in Slovak bonds.

After the Agriculture Ministry lifted its embargo, it turned out that the companies of Italians suspected of ties with ’Ndrangheta received subsidies worth millions of euros, through the Agricultural Paying Agency.